F & M Community Bank, N.A. Mortgage Lending & HMDA Data, 2022
In 2022, F & M Community Bank, N.A. of Preston, MN reported 108 mortgage applications totaling $23.5 million, down 47% from 2021. The average application was for $217,314, and applicants reported an average income of $130,111. 85% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Rochester, MN (88), Minneapolis-St. Paul-Bloomington, MN-WI (2) and La Crosse-Onalaska, WI-MN (1) (applications in parentheses).
| Mortgage Company & Address | F & M Community Bank, N.A. Po Box 467 Preston, MN 55965 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 108 |
| Total Mortgage Loan Application Amount | $23,470,000 |
| Average Mortgage Loan Application Amount | $217,314 |
| Highest Mortgage Loan Application Amount | $995,000 |
| Average Applicant Income | $130,111 |
| Highest Applicant Income | $547,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records F & M Community Bank, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for F & M Community Bank, N.A. in 2022
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 63 | $16,065,000 | $255,000 | $995,000 | $134,000 | $518,000 |
| Cash-out Refinancing | 20 | $3,610,000 | $180,000 | $385,000 | $144,000 | $547,000 |
| Refinancing | 11 | $2,745,000 | $249,000 | $705,000 | $98,000 | $163,000 |
| Other Purpose | 7 | $825,000 | $117,000 | $345,000 | $148,000 | $432,000 |
| Home Improvement | 7 | $225,000 | $32,000 | $65,000 | $88,000 | $133,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 81 | $18,645,000 | $230,000 | $995,000 | $133,000 | $547,000 |
| Not Provided | 14 | $2,080,000 | $148,000 | $425,000 | $85,000 | $355,000 |
| Not applicable | 10 | $1,950,000 | $195,000 | $345,000 | $0 | $0 |
| Asian | 2 | $610,000 | $305,000 | $335,000 | $290,000 | $518,000 |
| Hispanic | 1 | $185,000 | $185,000 | $185,000 | $85,000 | $85,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 108 | $23,470,000 | $217,000 | $995,000 | $129,000 | $547,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 92 | $18,560,000 | $201,000 | $995,000 | $127,000 | $547,000 |
| Application Withdrawn By Applicant | 8 | $2,780,000 | $347,000 | $645,000 | $112,000 | $273,000 |
| Application Approved But Not Accepted | 4 | $1,560,000 | $390,000 | $705,000 | $305,000 | $432,000 |
| Application Denied By Financial Institution | 3 | $445,000 | $148,000 | $215,000 | $63,000 | $90,000 |
| Preapproval Denied by Financial Institution | 1 | $125,000 | $125,000 | $125,000 | $50,000 | $50,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 104 | $22,900,000 | $220,000 | $995,000 | $132,000 | $547,000 |
| Credit History | 3 | $515,000 | $171,000 | $215,000 | $70,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $55,000 | $55,000 | $55,000 | $36,000 | $36,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F & M Community Bank, N.A.'s 2022 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess F & M Community Bank, N.A.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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